REW vs. NBSM ETF Comparison

Comparison of ProShares UltraShort Technology (REW) to Neuberger Berman Small-Mid Cap ETF (NBSM)

REW

ProShares UltraShort Technology

REW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. TechnologySM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.23

Average Daily Volume

15,318

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NBSM

Neuberger Berman Small-Mid Cap ETF

NBSM Description

NBSM focuses on capital growth primarily through investments in small- and mid-cap firms. The fund seeks out undervalued companies with strong market positions and financial health, mainly in domestic markets with a minor proportion in foreign securities. Utilizing a bottom-up analysis, the fund manager identifies organizations they believe are valued below their intrinsic worth. Key considerations include historical returns, market niche, barriers to entry, and self-financing capabilities, emphasizing companies with established business operations over speculative growth prospects. NBSM aims to capitalize on market inefficiencies and manage risks through diversification and fundamental analysis. Furthermore, the manager also takes into account ESG factors into their decision making whenever applicable, aiming for a more comprehensive evaluation of potential investments. The fund may sell a security if it underperforms, reaches a set price or when better investment opportunities arise.

Grade (RS Rating)

Last Trade

$25.81

Average Daily Volume

23,309

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REW	NBSM
30 Days	-11.80%	4.88%
60 Days	-5.00%
90 Days	-8.81%
12 Months	-44.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in REW	Weight in NBSM	Overlap
	FICO	A	0.17%	2.93%	0.17%

REW Overweight 87 Positions Relative to NBSM

Symbol	Grade	Weight
AAPL	C	18.06%
MSFT	B	17.29%
GOOGL	A	5.25%
GOOG	A	5.24%
META	D	4.46%
INTC	F	3.85%
CSCO	F	3.09%
ADBE	F	2.51%
CRM	D	2.4%
NVDA	C	2.26%
TXN	B	1.83%
AVGO	B	1.82%
IBM	D	1.82%
ORCL	C	1.77%
QCOM	B	1.63%
INTU	B	1.09%
MU	B	0.95%
NOW	C	0.87%
AMAT	B	0.86%
AMD	D	0.84%
LRCX	D	0.66%
ADI	B	0.65%
ADSK	F	0.63%
CTSH	F	0.51%
HPQ	C	0.48%
MSI	A	0.45%
WDAY	D	0.44%
KLAC	B	0.42%
EBAY	C	0.41%
MCHP	B	0.39%
PANW	C	0.35%
SNPS	C	0.34%
ANSS	D	0.34%
VRSN	F	0.33%
CDNS	D	0.31%
SWKS	F	0.31%
IAC	C	0.3%
WDC	C	0.3%
VEEV	D	0.29%
HPE	C	0.29%
CDW	D	0.29%
MRVL	C	0.28%
FTNT	D	0.25%
AKAM	F	0.23%
PAYC	F	0.22%
TWLO	D	0.22%
SNAP	C	0.22%
SSNC	B	0.21%
STX	C	0.21%
OKTA	D	0.21%
NTAP	B	0.21%
GRMN	A	0.21%
IT	D	0.21%
RNG	C	0.21%
QRVO	F	0.2%
LDOS	A	0.2%
LUMN	F	0.2%
GDDY	B	0.19%
EPAM	F	0.19%
ANET	B	0.18%
TYL	B	0.18%
BAH	B	0.17%
TTD	B	0.17%
TER	B	0.17%
DOX	F	0.15%
ON	D	0.15%
DXC	F	0.14%
GWRE	B	0.14%
AZPN	B	0.14%
OLED	C	0.13%
DOCU	C	0.13%
DELL	B	0.12%
JNPR	D	0.12%
FFIV	D	0.12%
PTC	C	0.12%
HUBS	D	0.11%
DAY	D	0.11%
MPWR	C	0.11%
ENTG	D	0.11%
CIEN	C	0.1%
CACI	B	0.1%
XRX	F	0.1%
LITE	D	0.09%
SNX	A	0.09%
Z	F	0.09%
ETSY	F	0.09%
MKSI	C	0.09%

REW Underweight 9 Positions Relative to NBSM

Symbol	Grade	Weight
EXP	D	-4.1%
KEX	A	-3.6%
TDW	C	-3.29%
ITT	A	-2.96%
WSO	B	-2.95%
LSCC	F	-2.92%
TSCO	A	-2.85%
TTEK	A	-2.76%
ATR	C	-2.68%